New Delhi, Dec 20 (PTI) Shares of Shriram Properties Ltd on Monday listed with a discount of nearly 24 per cent against its issue price of Rs 118.

The stock listed at Rs 94, a decline of 20.33 per cent from the issue price on the BSE. It further tumbled 22.24 per cent to Rs 91.75.

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On the NSE, it made debut at Rs 90, a discount of 23.72 per cent.

Shriram Properties' initial share sale got subscribed 4.60 times on the final day of the offering earlier this month.

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The realty player's price band for the offer was Rs 113-118 per share.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)